debt settlement vs bankruptcy
Date: Mon, 07/12/2010 - 06:03
I have been in a 5 year debt consolidation program for the last two years but have recently run into more financial trouble. As a result I can no longer afford the payments through my current plan. My program does not allow changes and suggests I look into bankrupcy but I would rather see if there are other options available. A debt settlement programs sounds great and I would prefer it to bankruptcy but I have no knowledge of how it works and how to find someone reputable who can help. Any suggestions?
Thank you.
Thank you.
Hello Dave, It really depends on your current and expected fin
Hello Dave,
It really depends on your current and expected financial circumstances. Sometimes a debt settlement is a good option to avoid a bankruptcy, and sometimes a bankruptcy is really in your best financial interest. I can't really get any more specific than that unless I knew more about your situation and goals.
